Interested to know more and perhaps invest a bit in cryptocurrency? Crypto is just as exciting as it is volatile, so let’s touch up on some basics before you start choosing your crypto coins.
Cryptocurrency is digital currency in which the transactions are recorded on a decentralized system protected by cryptography (a.k.a., the blockchain). The currency you probably use on a day to day basis is fiat currency (for example USD, SGD, Pound sterling, Rupiah), which is controlled by national governments and central banks. The allure, which is also the risk of cryptocurrency, is precisely because it’s nature is decentralized. There is no party that can protect you if the value of your assets crash. At the same time, because of this, there is no limit to how high the assets can be valued.